A couple of weeks ago we published an article about Potash Ridge (PRK.V) called, “Nobody’s talking, nobody’s selling – that’s a good sign”.
The scene: A public company shows up with a big plan and you know all about it, because it’s bought a million dollars worth of investor marketing and has gone out to 2 million email addresses and all the messageboards have fake accounts talking about how they’re going to be a buck in days. The price duly jumps because everyone knows the promotion machine is in full swing, even if they also know the company is a fake.
Potash Ridge (PRK.T) finished pulling the trigger on its Blawn Mountain Project option when the company announced today that its 100%-owned subsidiary, Utah Alunite LLC, made the final installment of US$668,936 to the Utah School and Institutional Trust Lands Administration (SITLA) converting its Exploration and Option Agreement for the Blawn Mountain Property into a Mining Lease.
Okay, Reuters dropped a one-liner yesterday indicating Potash Ridge (PRK.V) had announced the closing of an increased private placement late yesterday.
On June 19, 2017 Potash Ridge (PRK.V) announced an off-take agreement with an established North American fertilizer supplier for 10,000 tonnes per year of Sulfate of potash (SOP). That takes care of 25% of PRK’s annual production from its Valleyfield Project in Quebec.